Smoke believes the average buyer will get a tax deduction of roughly $3,000 in the first year of a six-year loan and a $2,000 deduction in each of the subsequent years.

Eligibility for student loan interest deduction The student loan interest deduction lets eligible taxpayers deduct up to $2,500 in student loan interest from their taxable income each year.

Creating an above-the-line deduction means the proposed tax break on car loan interest would not just apply to the roughly 10% of taxpayers who itemize deductions.

Letters: Innovative loan programs could make fortified roofs more widespread LETTERS TO THE EDITOR May 12, 2025 Updated May 28, 2025 1 min to read ...

The House’s first draft of tax legislation includes a provision sought by President Donald Trump to allow tax deductions for interest on car loans. This moves his campaign promise to In the Works.

President Ferdinand R. Marcos Jr.’s directive to cut interest rates on Social Security System (SSS) calamity loans aims to ease Filipinos’ financial burden and help reduce poverty, according to ...

President Marcos Jr. announced on Thursday that starting in July, the interest rates for the SSS salary and calamity loans would be reduced.

The Social Security System (SSS) is recognizing hardworking Filipinos, local or overseas, with enhancements to its loan programs: reducing interest rates for salary and calamity loans; expanding the ...

Re “Keeping our promises” (Our Views, April 22): The Virginia Military Survivors and Dependents Education Program tuition waiver is in place for all eligible survivors and dependents of our ...

Pawar, also the finance minister, clarified that farmers should not wait for farm loan waivers. He said, “Without money, you cannot do anything; therefore, we are not in a position to waive off ...